In a histogram, which of the following can be used to display the height of the bars for each class?
a. relative frequency which equals the number of observations in the class divided by the overall number
b. Both frequency and relative frequency which equals the number of observations in the class divided by the overall number can be used.
c. frequency
d. cumulative total
Question 2
Customer loyalty models are an example of which category of simulation application?
a. operations models
b. financial models
c. marketing models
d. games of chance
e. none of these choices
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